I don't think the successful startups this time round have adsense based business models &/or depend upon acquisition.
For example photobucket has built a ver impressive subscription business and facebook is finding interesting (in addition) to traditional ways to moetise its vast userbase (facebook gifts if projected to make $15m this year)
I just feel the cheaper startpoints mean that there will be sufficient darwinian evolution for the better startups to succeed. We're going to see more failures but less flameouts like pets.com or boo.com which took a lot of money but weren't nimble enough (because of the cost & state of infrastructure) to change direction.
For example photobucket has built a ver impressive subscription business and facebook is finding interesting (in addition) to traditional ways to moetise its vast userbase (facebook gifts if projected to make $15m this year)
I just feel the cheaper startpoints mean that there will be sufficient darwinian evolution for the better startups to succeed. We're going to see more failures but less flameouts like pets.com or boo.com which took a lot of money but weren't nimble enough (because of the cost & state of infrastructure) to change direction.
I argue we aren't in a bubble.